Federal Budget 2020_21 Highlights
1. Tobacco is 20% more expensive
2. Fabric is 10.34% more expensive
3. Shoes are 10.34% more expensive
4. The volume of the new budget is set at Rs 7,294 billion.
5. The available financial resources were estimated at Rs 8,314 billion.
6. Eliminate advance tax on auto-rickshaw, motorcycle rickshaw and 200 cc motorcycle.
7. 70 billion relief was given in petroleum products
8. The limit for purchases made without ID cards has been increased from Rs 50,000 to Rs 1 lakh.
9. Tax increase on the double cabin and SUV vehicles.
10. Reduction in tax on mobile phones manufactured in Pakistan.
11. Excise duty on imported cigarettes, batteries, and cigars has been increased from 65% to 100%.
12. Abolish import tax on baby supplements and diet foods.
1. The amount of artist fund for financial support of artists has been increased from Rs 250 million to Rs 1 billion.
14. SBP has reduced the policy rate from 13.25% to 8%.
15. The ongoing financial account deficit for the year decreased by 73%.
16. The trade deficit fell from 21 21 billion to ارب 9 billion.
17. In the first 9 months of the financial year, FBR revenue increased by 17%.
18. External loans of 6 6 billion were repaid.
19. 5000 billion interest on past loans
20. Overseas job opportunities were created for 1 million Pakistanis.
Moody's boosted our economy.
21. Target to collect revenue of Rs 1600 billion in the next financial year.
22. The IMF has approved a ف 6 billion fund feasibility.
23. 820,000 fake people were removed from the Ehsas program.
24. Pakistan's business rankings rose from 136 to 108
25. The collapse of the Corona dealt a severe blow to the Pakistani economy.
26. GDP growth rate and investment hurt
27. GDP declined by Rs 3390 billion.
28. GDP growth slowed to minus 0.4 percent from 3.3 percent.
29. The overall budget deficit of GDP increased from 7.1% to 9.1%.
30. Federal revenue tax collection decreased by Rs 102 billion.
31. 96 billion for 3 months for small business at 4% lower interest.
32. No new taxes will be imposed on the budget.
The realization program will continue
33. The budget allocation for the Ehsas program has been increased from Rs 187 billion to Rs 208 billion.
34. Subsidy of Rs 180 billion fixed for energy, food, and other sectors.
35. The allocation of HEC has been increased from Rs 60 billion to Rs 64 billion.
Rs 30 billion will be provided to New Pakistan Housing Authority.
Rs 55 billion for Azad Jammu and Kashmir and Rs 32 billion for Gilgit-Baltistan.
36. Rs 56 billion allocated for integrated districts of Khyber Pakhtunkhwa
37. A special grant of more than Rs. 19 billion to Sindh and Rs. 10 billion to Balochistan.
38. Rs 40 billion allocated for railways
39. 2 billion allocated for successful youth program
40. Rs 14 billion allocated for federally run hospitals in Lahore and Karachi
41. 10 billion allocated for relief and locust prevention in the agricultural sector
42. Target to increase GDP growth from negative 0.4 to 2.1%
43. The current account deficit will be limited to 4.4%.
44. Inflation will be reduced from 9.1% to 6.5%.
45. Foreign investment will be increased by 25%.
46. The total federal and provincial development expenditure is Rs. 1,324 billion.
47. Rs 650 billion allocated for public sector
48. The allocation for social sectors has been increased from Rs. 206 billion to Rs. 250 billion.
49. 80 billion allocated for electricity demand and production
50. Rs 70 billion allocated for the water sector
51. Rs 118 billion allocated for NHA and C-Pack projects
52. Rs 24 billion allocated for other railway projects
53. Rs 37 billion has been set aside for communication projects
54. An amount of Rs. 20 billion has been allocated for the manufacture of health and medical equipment
55. Establishment of smart schools in the education sector, Rs. 5 billion allocated for uniform curriculum
56. Rs 30 billion allocated for innovation and development in education.
57. Rs 6 billion allocated for tackling climate change
58. Azad Kashmir allocates Rs 40 billion for development funds in Gilgit-Baltistan
59. Rs 12 billion allocated for SDP goals
60. Rs 2 billion allocated for rehabilitation assistance to Afghanistan.
61. The hotel tax rate has been reduced from 1.6% to 0.17% by September.
62. FBR target reduced to Rs 3,900 billion due to Corona epidemic
63. Domestic tax revenues increased by 27%.
64. Eliminate import tax on cancer diagnostic kits.
65. FED on energy drinks increased from 13% to 25%.
66. Tax on imports of raw materials for medium and small manufacturers has been reduced from 5% to 2%.
67. The rate of tax on machinery imports has been reduced from 5.5 percent to 1 percent.
